Solana’s Anatoly Yakovenko Wades Into Sui Decentralization Debate After CETUS Hack
Solana co-founder Anatoly Yakovenko has weighed in on the ongoing debate around Sui’s governance and the true meaning of blockchain decentralization. His comments come as the Sui network faces pointed questions following its intervention in the aftermath of the multi-million dollar CETUS DEX exploit.
Yakovenko offered his distinct opinion on how blockchain users and developers should actually understand and measure the concept of decentralization.
According to Yakovenko, a decentralization test should be objective rather than subjective. The Solana co-founder outlines standards that can determine whether a blockchain protocol is decentralized. For instance, Yakovenko stated that a blockchain solution cannot be decentralized if the minority group can unilaterally block the majority from making changes or functioning.
On the contrary, the renowned blockchain expert condemned the situation where the majority can block the minority from exiting or forking its chain by withholding data or initiating an emergency upgrade on the bridge contract.
Related: Sui Blockchain Fast-Tracks Whitelist Function After Messy CETUS DEX Hack
Yakovenko’s opinion appeared to criticize the action by the Sui team, following their intervention by altering the protocol after the infamous CETUS DEX exploit, where a hacker stole about $233 million from their liquidity pool.
Shortly after the attack, the Sui team informed users about moves to prevent further fund theft. The Sui team stated that it locked its contract and confirmed that it paused the transfer of $162 million of the compromised funds. The team also noted that they are working with the Sui Foundation and other ecosystem members to resolve the issue.
The team’s action triggered an argument within the blockchain industry, with stakeholders stating taking strong positions on the appropriateness of the actions. Cyber Capital founder Justin Bons sided with those disagreeing with the Sui team’s actions, citing the dangers of decentralization in a supposedly decentralized environment. Bons thinks Sui’s validators are colluding to censor the hacker’s transactions, which amounts to centralization.
On the other side of the debate, Sui Foundation’s Amogh Gupta disagrees with Bons’ opinion and those who consider the Sui team’s intervention a risky precedent.
Related: What Does the CETUS Hack Mean for DeFi Security on SUI?
According to Gupta, the Sui team embarked on a legitimate exercise of distributed governance. Gupta stated that the validators’ acts of reaching an agreement over a particular event should not be considered “colluding.”
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Top 3 Altcoins Ready to Explode
As Bitcoin continues to hover in a tight range and Ethereum holds ground post-upgrade, traders are increasingly turning their attention to altcoins with breakout potential. With shifting market sentiment, capital rotation, and strong technical setups, several low-to-mid cap altcoins are flashing early signs of major moves. Among these, Worldcoin (WLD), Jupiter (JUP), and XRP are three names quietly building momentum and preparing to make explosive moves on the charts.
In this article, we dive deep into the daily chart action of these three altcoins using Heikin Ashi candles, moving averages, pivot levels, and trend breakouts to forecast where prices could go next. Whether you're a swing trader or a long-term holder, these setups are worth paying attention to.
Worldcoin (WLD) is showing strong bullish behavior , bouncing nearly 10% higher in the last 24 hours to reach $1.53. The price has broken through the R1 and R2 Fibonacci pivot resistance levels and is approaching R3 at $1.5663. The most critical takeaway is that WLD is trading well above its 20, 50, and 100-day SMAs, with the 20-day SMA sitting at $1.1470, acting as a dynamic support.
The price candle formation is strong Heikin Ashi green, supported by increasing volume. This setup often precedes multi-day rallies. If momentum continues and WLD breaks above $1.5663, the next target range could lie around $1.85–$2.00. That would represent a 30% upside from current levels. RSI and MACD (not visible but inferred from candle momentum and breakouts) likely support this continuation.
The technical breakout over the 50-day moving average marks a trend shift. If it sustains above $1.40 for 3 consecutive days, Worldcoin could set a higher low structure and shift from accumulation to a clear markup phase.
Prediction: A sustained breakout above $1.57 could trigger a rally to $1.85–$2.00 in the coming weeks.
Jupiter (JUP) is showing renewed strength , gaining nearly 8% and closing at $0.6013. It’s a breakout above the resistance zone marked at R1 and close to breaching R2. The moving average setup also looks promising, with the 20-day SMA ($0.5059) crossing above the 50-day SMA ($0.4474), a classic golden cross pattern forming, which signals bullish trend reversal.
JUP has been in a horizontal consolidation range between $0.48 and $0.61. With today’s bullish engulfing candle and a high of $0.6310, this range is getting tested. A confirmed close above $0.6170 (R3) will unlock upside potential toward the $0.70–$0.78 zone.
A back-calculated move from the bottom at $0.44 to the current $0.60 gives a +36% bounce, which is significant in terms of trend reversal power. If JUP breaks out with volume, the next Fibonacci extension levels point toward $0.73 and $0.84.
Prediction: Break and hold above $0.617 could lead to $0.73–$0.78 upside in June.
XRP is trading at $2.39 , down slightly today, but still holding well within a bullish structure. The current price is just above the key support zone at the R1 level ($2.36) and the 200-day SMA at $2.22, which is acting as a strong base.
What’s interesting here is the price compression between the 50-day and 100-day SMAs, both hovering in the $2.21–$2.35 range. This squeeze often precedes a volatility spike. The Heikin Ashi candles are mixed, suggesting a period of consolidation, but the long lower wicks show that bulls are defending the downside.
Looking at previous price action, XRP rallied from $1.90 to $2.60 earlier in May — a +36% surge. That rally was followed by healthy consolidation, and now XRP is forming a higher low pattern. A close above $2.55 (R2 zone) will confirm bullish continuation toward $2.85 and even $3.00 in June.
Prediction: If XRP reclaims $2.55, a run toward $2.80–$3.00 is likely within 2–3 weeks.
These top 3 altcoins are showing strong trend reversals backed by volume, moving average convergence, and pivot breakouts. Traders should keep a close eye on breakout confirmations and volume follow-throughs, as these patterns suggest a broader altcoin season is heating up.
As Bitcoin continues to hover in a tight range and Ethereum holds ground post-upgrade, traders are increasingly turning their attention to altcoins with breakout potential. With shifting market sentiment, capital rotation, and strong technical setups, several low-to-mid cap altcoins are flashing early signs of major moves. Among these, Worldcoin (WLD), Jupiter (JUP), and XRP are three names quietly building momentum and preparing to make explosive moves on the charts.
In this article, we dive deep into the daily chart action of these three altcoins using Heikin Ashi candles, moving averages, pivot levels, and trend breakouts to forecast where prices could go next. Whether you're a swing trader or a long-term holder, these setups are worth paying attention to.
Worldcoin (WLD) is showing strong bullish behavior , bouncing nearly 10% higher in the last 24 hours to reach $1.53. The price has broken through the R1 and R2 Fibonacci pivot resistance levels and is approaching R3 at $1.5663. The most critical takeaway is that WLD is trading well above its 20, 50, and 100-day SMAs, with the 20-day SMA sitting at $1.1470, acting as a dynamic support.
The price candle formation is strong Heikin Ashi green, supported by increasing volume. This setup often precedes multi-day rallies. If momentum continues and WLD breaks above $1.5663, the next target range could lie around $1.85–$2.00. That would represent a 30% upside from current levels. RSI and MACD (not visible but inferred from candle momentum and breakouts) likely support this continuation.
The technical breakout over the 50-day moving average marks a trend shift. If it sustains above $1.40 for 3 consecutive days, Worldcoin could set a higher low structure and shift from accumulation to a clear markup phase.
Prediction: A sustained breakout above $1.57 could trigger a rally to $1.85–$2.00 in the coming weeks.
Jupiter (JUP) is showing renewed strength , gaining nearly 8% and closing at $0.6013. It’s a breakout above the resistance zone marked at R1 and close to breaching R2. The moving average setup also looks promising, with the 20-day SMA ($0.5059) crossing above the 50-day SMA ($0.4474), a classic golden cross pattern forming, which signals bullish trend reversal.
JUP has been in a horizontal consolidation range between $0.48 and $0.61. With today’s bullish engulfing candle and a high of $0.6310, this range is getting tested. A confirmed close above $0.6170 (R3) will unlock upside potential toward the $0.70–$0.78 zone.
A back-calculated move from the bottom at $0.44 to the current $0.60 gives a +36% bounce, which is significant in terms of trend reversal power. If JUP breaks out with volume, the next Fibonacci extension levels point toward $0.73 and $0.84.
Prediction: Break and hold above $0.617 could lead to $0.73–$0.78 upside in June.
XRP is trading at $2.39 , down slightly today, but still holding well within a bullish structure. The current price is just above the key support zone at the R1 level ($2.36) and the 200-day SMA at $2.22, which is acting as a strong base.
What’s interesting here is the price compression between the 50-day and 100-day SMAs, both hovering in the $2.21–$2.35 range. This squeeze often precedes a volatility spike. The Heikin Ashi candles are mixed, suggesting a period of consolidation, but the long lower wicks show that bulls are defending the downside.
Looking at previous price action, XRP rallied from $1.90 to $2.60 earlier in May — a +36% surge. That rally was followed by healthy consolidation, and now XRP is forming a higher low pattern. A close above $2.55 (R2 zone) will confirm bullish continuation toward $2.85 and even $3.00 in June.
Prediction: If XRP reclaims $2.55, a run toward $2.80–$3.00 is likely within 2–3 weeks.
These top 3 altcoins are showing strong trend reversals backed by volume, moving average convergence, and pivot breakouts. Traders should keep a close eye on breakout confirmations and volume follow-throughs, as these patterns suggest a broader altcoin season is heating up.
Multichain البيانات الاجتماعية
في آخر 24 ساعة، درجة المعنويات على منصات التواصل الاجتماعي لعملة Multichain بلغت 3، وكانت المعنويات على منصات التواصل الاجتماعي تجاه توجه سعر عملة Multichain صعودية. كانت النتيجة الإجمالية لعملة Multichain على وسائل التواصل الاجتماعي 0، وجاءت في المرتبة 671 بين جميع العملات المشفرة.
وفقًا لموقع LunarCrush، في آخر 24 ساعة، بلغ إجمالي إشارات العملات المشفرة على منصات التواصل الاجتماعي 1,058,120 مرة (مرات)، مع ذكر Multichain بنسبة تكرار %0 ، فجاءت في المرتبة 1037 بين جميع العملات المشفرة.
في آخر 24 ساعة، إجمالي عدد المستخدمين الفريدين الذين ناقشوا عملة Multichain بلغ 59، وبلغ إجمالي عدد إشارات عملة Multichain 2. ومع ذلك، وبالمقارنة مع الـ 24 ساعة السابقة، بلغ عدد المستخدمين الفريدين تقليل بنسبة %11 ، والعدد الإجمالي للإشارات تقليل بنسبة %0 .
وعلى تويتر، بلغ إجمالي التغريدات 1 التي تشير إلى عملة Multichain خلال آخر 24 ساعة. من بينها، %0 صعودية لعملة Multichain، و هبوطية لعملة Multichain، و%100 محايدة لعملة Multichain.
إنّ عدد المنشورات على موقع Reddit بلغ 0 والتي تُشير إلى Multichain خلال الـ 24 ساعة الماضية. وبالمقارنة مع الـ 24 ساعة الماضية، فإن عدد الإشارات تغيّر تقليل بنسبة %0 .
نظرة عامة على جميع مواقع التواصل الاجتماعي
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